EUR/USD falls as Merkel fails to form coalition As the currency pair did not have any fundamental background that could justify a rapid move, it finished the week near the 55-hour SMA. However, in early hours of the new trading session it broke though combined support set up by the 38.2% Fibonacci retracement level and the weekly PP and approached the bottom...
EUR/USD halts surge amid US inflation data In first half of the previous trading session the Euro continued to rapidly advance against the Dollar and practically reached the 1.1850 mark. However, the subsequent release of the American inflation and retail sales data that matched with analysts’ expectations returned the pair back to the 55-hour SMA near the...
i short eurusd for a pullback if he need to go up more after as a legit pullback he is overbough h1 and h4 on many indicator i not see a upbeat gdp and cpi also a zew survey he up because most people sell it so he is bullish short-middle time but need a correction if he will go more up short at 1.1742 target .1.1664 open in 2 position like all time..1i will...
EUR/USD starts new week near 1.1660 Despite a positive perception of ideas expressed by the US President Donald Trump at the ASEAN summit the Dollar is continuing to lose value against the Euro in a one-week long ascending channel. Although the pattern is supported by the rising 55-, 100- and 200-hour SMAs, the upcoming rebound from the 23.6% Fibonacci...
As expected we got a nice drop on the Euro over the past two weeks, but it has finally stalled out a little here. Looking at the Daily charts we are still bearish overall but are in the middle of a drawback. On the 4 hour we are looing like we could possibly get a move a little further to the upside with all the bullish confirmations we have. I am continuing to...
EUR/USD falls to 1.16 amid surprising US data A release of better that expected data on the US ISM Non-Manufacturing PMI led to sharp appreciation of the buck against the common European currency and resulted in a breakout from two junior ascending channels. An active recovery of the exchange rate seems unlikely, as the northern is contains a bunch of technical...
Hi traders! EURUSD got smacked like every other pairs last week. Now it did the technical thing it had to do before resuming its downtrend. PA moved through the order block and touched the right FIB extension. Nothing more to say here, it's pretty self explanatory. Here's what I'm thinking : EURUSD SHORT ENTRY : 1.1648 SL : 1.17301 TP : 1.14669 Trade safe! ...
Our preference: short position below 1.1660 with targets at 1.1600 & 1.1570 in extension. Alternative scenario: in excess of 1.1660, aim for a continuation of the increase with 1.1690 & 1.1720 in the line of fire.
EUR/USD starts new week near 1.1614 In result of the previous trading session, the currency exchange rate slipped through the updated 23.6% Fibonacci retracement level at 1.1679 and, in essence, made a rebound from the bottom trend-line of a dominant descending channel. Due to absence of any fundamental data releases, bulls are likely to try to return the rate...
long intraday at 1.1625 target 1.1682 for 57 pips largely oversold down too much and fast so i expect a rebound before the US GDP and think that even the GDP come very good the first reaction is dollars will down,coz he need to tae a breath for go more up as he is oversold and its friday enter at 1.1625 target 1.1682 gain= 57 pips
Morning outlook - EUR/USD anticipates ECB meeting Despite a release of better than expected US purchase orders data the currency rate did not manage to bypass the 55-hour SMA and soared in the opposite direction. The main drivers that pushed and are continuing to push the pair to the top are expectations on the upcoming ECB meeting. On the one hand, the currency...
Morning outlook - EUR/USD trades near 1.1760 Due to anticipation of the ECB meeting as well as referendum on extension of autonomy in Lombardy and Veneto regions the common European currency slipped against the Dollar to the 1.7520 mark. As the northern side is protected by a combination of the 100-hour SMA and the weekly PP plus the 55- and 200-hour SMAs, the...
Hey traders! (This analysis was already shared with students) EURUSD was the first one to move down last week before every other pair followed suit. It had a considerable lead vs other majors. Now it had retraced back to 0.38 FIB extension before resuming its downtrend. It looks like it is building a new downtrend channel as showed here in my chart. MACD...
As dollars regain power the rsi bearsih divergence was a bit actived with the FOMC and hawkish Yellen but eurusd touch the down level of his range i will wait a break down of this daily range to enter short
Morning outlook - EUR/USD breaks through 200-hour SMA In accordance with expectations, the Dollar continued to gain value against the common European currency, experiencing pressure from the 55-, 100- and 200-hour SMAs as well as the weekly PP. Despite the fact that the pair failed to pass through the weekly S1 at 1.1735 from the first attempt, it is still...
i short eurusd at 1.1840 for target 1.1685 again With many problem in Catalonio for the independance ,i though the euro stay too strong and up much against down. i try this trade coz like we can see price is just on a down T-line since high at 1.2091. A big breakout in up direction of this trend line will cancel this trade and it will be a bullish...